Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
NOLLAMARA, 6061 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in WA have risen as a whole, pulling NOLLAMARA, 6061 values up and netting property investors a capital gain of 2.78% for the past year.
Investors saw the median home price rise to $370,000.
Profits due to an downward trend in home prices in the suburb averaged -2.11% per annum over a 3-year period.
NOLLAMARA now ranks at the 169th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in NOLLAMARA are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $340 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NOLLAMARA, homes and units usually stay on listing for an average of 53.3 days.
In 2016, 193 properties were sold in NOLLAMARA during the past year, making it the 301st most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $370,000 | $306,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.78% | 5.69% |
| Median 12 month | 2.78% | 15.66% |
| Median 3 years | -6.33% | -7.4% |
| Median 5 years | -17.78% | -19.34% |
| 10 years average annual | -1.08% | -2.46% |
| Weekly media advert. rent | $340 | $317 |
| Time on Market | 53.3 days | 66.1 days |
| Gross Rental Yield Percent | 4.78% | 5.38% |
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Darwin’s rental market has emerged as the unlikely winner of 2020 following massive gains in the December quarter. ...
The total value of loan commitments for investor housing rose 6 per cent month-on-month to reach $5.6 billion in November last year, as the ...
Whether you’re a traveller or not, it’s most likely you’ve heard of Airbnb. The digital marketplace, which connects people who want to...
Having successfully shovelled millions into the local economy, the Northern Territory has extended its BuildBonus scheme to 31 March 2021, w...
Despite the headwinds of 2020, Victoria and Tasmania capped off the year with not one but two record months for home sales. ...
Get notifications in real-time for staying up to date with content that matters to you.
